Business
First Watch Restaurant Group, Inc. Announces Pricing of Secondary Public Offering
BRADENTON, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining
About this update from First Watch Restaurant Group, Inc.
[{"type":"text","content":"BRADENTON, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, announced today the pricing of an underwritten secondary public offering by certain stockholders of the Company (the “Selling Stockholders”) of 4,500,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a price to the public of $15.50 per share. The offering is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. BofA Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering. Barclays Capital Inc., Citigroup Global Markets Inc., Piper Sandler & Co., Cowen and Company, LLC, Guggenheim Securities, LLC and Stifel, Nicolaus & Company, Incorporated are acting as book-running managers for the offering. Telsey Advisory Group LLC and BTIG, LLC are acting as co-managers for the offering. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from the Securities and Exchange Commission (the “SEC”) at www.sec.gov or from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department, or by email at [email protected] Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by email at [email protected] or by telephone at 1-866-471-2526.Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, or by email at [email protected] or by telephone at 1-877-821-7388. A registration statement on Form S-1 relating to these securities was declared effective by the United States Securities and Exchange Commission. This press release does n...